Carnival (NYSE:CCL) Sets New 12-Month Low – Here’s What Happened

Posted by Stanley Muller on Sep 3rd, 2026

Carnival Corporation (NYSE:CCL – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $23.41 and last traded at $23.4350, with a volume of 9994826 shares trading hands. The stock had previously closed at $23.89.

Analysts Set New Price Targets

CCL has been the topic of several research reports. Truist Financial raised their price objective on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Sanford C. Bernstein cut shares of Carnival from a “market perform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Citigroup increased their price objective on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Freedom Capital raised shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, Tigress Financial raised their price objective on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.08.

Get Our Latest Stock Analysis on CCL

Carnival Trading Up 2.0%

The firm has a market cap of $32.47 billion, a PE ratio of 10.68, a PEG ratio of 1.00 and a beta of 2.31. The business has a 50-day moving average price of $27.02 and a two-hundred day moving average price of $27.28. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival (NYSE:CCL – Get Free Report) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a $0.15 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Carnival’s dividend payout ratio is currently 27.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCL. Manning & Napier Advisors LLC purchased a new position in Carnival during the second quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Carnival in the third quarter valued at $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Carnival in the fourth quarter valued at $26,000. Axiom Investment Management LLC acquired a new stake in shares of Carnival during the second quarter valued at $29,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Carnival during the second quarter valued at $29,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival

(Get Free Report)

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.